Despite the serious impact that the pandemic has had on the global economy, the air conditioning market has shown remarkable recovery and growth as we begin to emerge from the debilitating wake left behind by the virus.
Countries like Germany, France, and UK have shown double-digit growth in the split air conditioning market particularly.
The latest market trends according to the Building Services Research and Information Association (BSRIA) indicate recovery during 2021 as the world adapts to a new way of living and working.
Additionally, the high-wall splits market has benefited substantially from high temperature regions as well as residential investments as more people are working from home on a permanent or semi-permanent basis.
This shift in the way businesses operate brings an understanding that many jobs can be performed remotely and with this, people are making their home environment more comfortable for the extended hours they are spending there.
However, the market performance of light commercial air conditioning remained slow. This could be due to the fact that the government’s restrictive measures against the virus hindered commercial activities.
Furthermore, stringent energy-saving standards have been implemented in Saudi Arabia in an attempt to slow down the rapid increase in demand for electricity. With factors to consider such as custom tax, cost of raw materials and freight costs, the prices of air conditioning systems and products have increased by 5-10%.
Australia, France, and Germany have shown double-digit growth in the first half of the year while Italy is displaying strong signs of recovery in the chiller market.
A significant drop in the new construction industry in Turkey has negatively impacted the sales of air conditioning units as one of the many ripple effects experienced by contractors involved with new construction projects.
Despite the serious effect the pandemic has had on the Brazilian economy, air conditioning and ventilation were able to stay strong.
Regardless of how the world changes to adapt to a new way of life, air conditioning and ventilation will remain a necessity no matter where you are in the world.
Looking at the trends for 2021, it’s easy to see how quickly things can change but more importantly, how crucial adaptability is.
Air Options is committed to keeping our fingers on the pulse at all times so that we can continue to provide effective and efficient air conditioning products and services for all applications.
Our team of designers, engineers, and technicians work hand in hand to ensure every project is completed with utmost attention to the finest detail.
We design and manufacture standard and modular air conditioning systems for various industries including medical air conditioning, commercial air conditioning, specialised air conditioning, and general HVAC.
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